PA Ventures
PA's venture programme (PAGroup Ventures) was established in 2000 to exploit the ideas and intellectual capital generated from its consulting work. This has been highly value generating: for example PA created a third-generation mobile phone business called UbiNetics which was sold in two tranches for a total of $133 million in 2005; and Meridica - a drug delivery system company - was valued at time of sale to Pfizer at $125 million in 2004. Each sale generated a return of many multiples of PA's total investment in its ventures programmes to date.
PA demerged its successful venture arm, Ipex Capital, in June 2008. PA Consulting continues to work closely with Ipex Capital on existing ventures in the Ipex portfolio as well as looking at new opportunities together.
Procserve continues to be a wholly owned business of PA Consulting Group, providing secure electronic marketplaces with vendor-neutral connectivity and transaction capabilities.
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Famous quotes containing the word ventures:
“If one ventures a word with you, will you be offended? But who can keep from speaking?”
—Bible: Hebrew, Job 4:2.
Eliphaz, one of Job’s “comforters,” to Job.